Wm Technology, Inc. ( (MAPS) ) has released its Q3 earnings. Here is a breakdown of the information Wm Technology, Inc. presented to its investors.
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WM Technology, Inc. is a prominent marketplace and technology solutions provider for the cannabis industry, offering eCommerce and compliance software solutions to cannabis businesses and brands in U.S. state-legal markets.
In its third-quarter earnings report for 2025, WM Technology, Inc. reported its seventh consecutive quarter of positive net income, despite facing ongoing challenges in its core markets. The company highlighted its disciplined execution and focus on long-term value delivery to clients.
The company reported revenues of $42.2 million for the third quarter of 2025, a decrease from $46.6 million in the same period last year, attributed to pricing pressures and constrained marketing budgets. However, the number of average monthly paying clients increased to 5,221, up from 5,100 in the prior year. Net income for the quarter was $3.6 million, down from $5.3 million in the previous year, and Adjusted EBITDA decreased to $7.6 million from $11.3 million.
Despite these challenges, WM Technology’s cash reserves increased to $62.6 million, up from $52.0 million at the end of 2024, indicating a strong balance sheet. The company remains committed to maintaining profitability and adapting to industry changes.
Looking ahead, WM Technology anticipates fourth-quarter revenues to be between $41 million and $43 million, with an Adjusted EBITDA forecast of $5 million to $7 million. The company continues to focus on strategic growth and operational efficiency as it navigates the evolving cannabis market landscape.